Mohammadi Group Managing Director Rubana Huq says her company's garment factories have replaced about 500 workers with machines and may replace more as part of a growing industry trend toward automation."It doesn't make sense for us to slow ourselves down" by not automating, said Huq, whose company provides apparels to...
Read moreFinance minister Abul Maal Abdul Muhith inaugurates the annual business conference of Agrani Bank Limited on Saturday at a hotel in Dhaka. State minister for finance M A Mannan and Bangladesh Bank governor Fazle Kabir also attend the conference.
Read moreFE ReportRemittances sent home by migrants are not spent adequately on education and health in Bangladesh, according to an analysis on Saturday.The analysis, based on the household income and expenditure survey (HIES)-2010 of Bangladesh Bureau of Statistics (BBS), also found that the use of remittances on food consumption had declined...
Read moreMonira MunniSome 107 brands have signed the 2018 transition Accord in Bangladesh covering more than 1,200 garment factories, people familiar with the situation said.The brands included H&M, Inditex, Primark, PVH, C&A, Loblaw, Target, Aldi, Mango and Tesco. But the joint monitoring committee, supposed to be formed by December last year,...
Read moreCommerce minister Tofail Ahmed inaugurates Partex Cables Limited's plant at Bandar, Narayanganj recently as the chief guest. Local lawmaker AKM Salim Osman and founder chairman M.A. Hashem attend the function as the special guests.
Read moreProduction of big fishes like 'rui' and 'katal' in Kaptai Lake fell substantially over the years for not using modern technologies of fish farming, officials said.The total area (including embankments) of the artificial lake is 68,800 hectares. Only 139 kilograms of fishes are now being produced per hectare annually in...
Read moreBangladesh Insurance Association (BIA) President Sheikh Kabir Hossain presides over a symposium on 'Emerging Trends on Liability Risk Management and Mass Policies' at Dhaka Club recently. BIA and Salasar Services (Insurance Brokers) Pvt Ltd, India, jointly organised the event where Insurance Development and Regularity Authority Chairman Md Shafiqur Rahman Patwari,...
Read moreOur CorrespondentCOX'S BAZAR, Feb 17: Annual get-together of the Chartered Life Insurance Company Limited (CLICL) was held in Cox's Bazar town on Friday.Assistant Sales Manager of Chartered Life Insurance Company Akbar Ahmed presided over the programme. CLICL's Chittagong region Assistant Sales Manager Emdadul Haque Jahed was present as the chief...
Read moreSYDNEY, Feb 17 (Reuters): Reserve Bank of Australia (RBA) Governor Philip Lowe has said the outlook for rising US budget deficits was "very problematic."Investors are worried about the twin deficits in the United States amid a government spending splurge and large corporate tax cuts. Lowe said he would not want...
Read moreNEW YORK, Feb 17 (Reuters): Wynn Resorts Ltd said on Friday that former chief executive Steve Wynn was not entitled to severance payments or any other compensation.Steve Wynn resigned as CEO of Wynn Resort earlier this month after allegations of sexual misconduct.Steve Wynn's current healthcare coverage would be terminated at...
Read moreBangladesh Tea Expo-2018 will begin today (Sunday) with a view to expanding market and promoting tea-related products as well as boosting production with new varieties, reports BSS.Prime Minister Sheikh Hasina is scheduled to inaugurate the three-day expo in the city's International Convention City Bashundhara (ICCB). The Ministry of Commerce and...
Read more© 2024 - All Rights with The Financial Express
